Solar PV Tracker Market Development Stages, Revenue and Share by Top Companies by Forecast 2023

Solar PV Tracker Market Research Report- Forecast to 2023

Solar PV Tracker Market Development Stages,

Revenue and Share by Top Companies by Forecast 2023

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Copyright Š 2018 Market Research Future.

Solar PV Tracker Market Research Report- Forecast to 2023

1 Summary One of the ways of increasing the solar power generation efficiency is by using a solar tracker with the PV systems. A solar tracker works with the prime objective of keeping the solar panel under best possible insolation from sun compared to fixed solar panels. This is a game changer in the solar industry, as it is proved by experiments that solar trackers can actually increase the operational efficiency by up to 15% to 30% than the traditional fixed panel setup, depending on regions of operation. There are several types of solar tracking systems available in the market.

Top Key Players: The key players of the global SOLAR PV TRACKER MARKET are Arctech Solar (India), Convert Italia (Italy), Exosun (U.S.), First Solar (U.S.), Grupo Clavijo (Spain), Ideematec (Germany), Mahindra Susten (India), NClave (Spain), NEXTracker (U.S.), PV Hardware (U.S.), Scorpius Trackers (India), Solar Steel(Spain), Soltec(U.S.), STi Norland (Spain), Sun Action Trackers (U.S.), SunLink (U.S.), and SunPower (U.S.).

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Copyright Š 2018 Market Research Future.

Solar PV Tracker Market Research Report- Forecast to 2023

2

Market Overview

The number of solar trackers installed around the world has been significantly increasing as power system operators are continuously looking to generate more power. The solar PV tracking systems have a huge disadvantage when it comes to their upfront and maintenance costs. Any small operational defect of the tracking systems can adversely impact the power generation capacity of a plant and therefore, the project itself. MRFR predicts that with the recent developments in solar PV tracking drive systems, such as the active and passive implementation of systems, can help overcome the operational inefficiencies of solar tracking systems.

Segments

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Copyright Š 2018 Market Research Future.

Solar PV Tracker Market Research Report- Forecast to 2023

3 Market Research Analysis The growth of the solar PV tracker is going to be mainly influenced by the rising installations of solar power systems around the world. As the panel prices having been recording historical low prices and feedin-tariff rates achieving parity with conventional power generation sources, solar power generation is widely desired by countries for meeting their power requirements. As trackers can effectively bring additional 15% to 30% extra efficiency to operations, solar trackers are increasingly desired by the solar power plant operators. However, higher installation and maintenance costs and proneness to operational failures hinder the increased implementation of solar tracker systems.

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Copyright Š 2018 Market Research Future.

Solar PV Tracker Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.